Tuesday, May 26

World

Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn
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World

Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn

• Strong performance reflects sustained upward momentum driven by international expansion and operational efficiency • Digital transformation initiatives in automation and artificial intelligence enhanced productivity, governance, and cost optimization Doha, Qatar – 29 April 2026 Estithmar Holding Q.P.S.C. announced its financial results for the first quarter of 2026, reporting a net profit of QAR 333 million, marking a significant 97% increase compared to the same period last year. The results underscore the strength of the Company’s operating model and the successful execution of its expansion strategy. The company recorded revenues of QAR 1.455 billion, up from QAR 1.309 billion in Q1 2025. Gross profit rose to QAR 561 million compared to QAR 416 mil...
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AM Best Affirms Credit Ratings of Compagnie Commune de Réassurance des Etats Membres de la CIMA
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AM Best Affirms Credit Ratings of Compagnie Commune de Réassurance des Etats Membres de la CIMA

LONDON--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Compagnie Commune de Réassurance des Etats Membres de la CIMA (CICA-RE) (Togo). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect CICA-RE’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management. CICA-RE’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which is expected to remain comfortably at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), with organic capital generation likely to be suffi...
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Appian appoints Paulo Castellari as new CEO of Critical Minerals
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Appian appoints Paulo Castellari as new CEO of Critical Minerals

(GLOBE NEWSWIRE) -- Appian Capital Advisory Limited (“Appian”), the investment advisor to long-term value-focused private capital funds investing in companies in metals, mining, and adjacent industries, today announced the appointment of Paulo Castellari as CEO of Critical Minerals, strengthening its operating capabilities as it scales its critical minerals portfolio. ▪ Paulo Castellari appointed as Appian’s new CEO of Critical Minerals ▪ Highly experienced mining executive, with prior CEO roles at Eramet, Anglo American and Emirates Global Aluminium ▪ Former CEO of Appian Capital Brazil, where he successfully restarted Atlantic Nickel and delivered the Mineração Vale Verde copper and Graphcoa graphite projects into ...
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Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy
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Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy

Leaders of Dubai-based unicorn companies have reaffirmed the emirate’s status as a global hub for digital innovation and technology-led growth. The senior executives highlighted Dubai’s forward-looking regulatory environment, advanced infrastructure, and ability to attract international talent as key factors strengthening its appeal for high-growth digital businesses. They noted that Dubai has evolved into a strategic launchpad for ambitious companies, offering an agile business environment that supports innovation and enables expansion into regional and international markets. The business leaders also praised the strong alignment between the public and private sectors within Dubai’s digital ecosystem, supported by Dubai Chamber of Digital Economy, one...
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BRIDGE Alliance étend son sommet à cinq jours dans le cadre de l’expansion de sa plateforme mondiale des medias
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BRIDGE Alliance étend son sommet à cinq jours dans le cadre de l’expansion de sa plateforme mondiale des medias

• BRIDGE Summit, which focuses on the future of global media, will be held for five days from November 28—December 2, 2026, on Yas Island in Abu Dhabi • The move to Yas Island ensures space for more ambitious exhibitions and programming • Signals BRIDGE’s evolution into a long-term institutional platform driving global media industry transformation ABU DHABI, United Arab Emirates, April 20, 2026 (GLOBE NEWSWIRE) --  BRIDGE Alliance will expand its flagship BRIDGE Summit to five days for its second edition, taking place from November 28—December 2, 2026, and move to a larger venue, Abu Dhabi’s Yas Island, in partnership with Miral, the leading creator of immersive destinations and experiences in the Emirate. The expansion reflects a b...
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No Layoffs, Salaries On Time: Danube Group Chairman Rizwan Sajan Assures Its 6000+ Workforce Despite Geopolitical Uncertainty
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No Layoffs, Salaries On Time: Danube Group Chairman Rizwan Sajan Assures Its 6000+ Workforce Despite Geopolitical Uncertainty

At a time when the US–Israel–Iran conflict is reshaping geopolitical and economic realities, businesses across the region are being tested on their ability to adapt and endure. Against this backdrop, Danube Group’s Founder and Chairman Rizwan Sajan is setting a strong example of leadership by standing firmly by its workforce. On Tuesday, Sajan took to Instagram to announce that the company will not lay off any employees. “I’ve faced many challenging situations in the past - from the Iraqi invasion of Kuwait to the 2008 financial crisis and the COVID-19 pandemic. Despite these, we have always bounced back stronger, and I’m confident we will do so again. During the pandemic, I had committed to not letting go of any employees, and I stood by that promise. Similarly, there will be no layoff...
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Space42 and Viasat to Share Progress on Equatys at Mobile World Congress
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Space42 and Viasat to Share Progress on Equatys at Mobile World Congress

Companies advance plans for global system architecture and shared infrastructure for Direct-to-Device and other Advanced Mobile Satellite Services BARCELONA, Spain - Thursday, 02. April 2026  (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company, and Viasat, Inc., a global leader in satellite communications, will discuss continued progress toward their planned direct-to-device (D2D) infrastructure and offer an early look at the priorities for Equatys, the companies' forthcoming joint entity, during a co-hosted program at Mobile World Congress in Barcelona this week. The program marks the first public showcase of Equatys' technical direction and commercial vision, reflecting its ambition to accelerate global D2D adoption.  ...
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Moniepoint Inc. Enters Kenyan Market With Acquisition of Sumac Microfinance Bank
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Moniepoint Inc. Enters Kenyan Market With Acquisition of Sumac Microfinance Bank

Strategic acquisition brings Moniepoint’s all-in-one digital financial services to Kenya's underserved MSME segment LONDON--(BUSINESS WIRE/AETOSWire)-- Moniepoint Inc. ("Moniepoint"), Africa's leading financial platform, today announces the completion of its acquisition of Sumac Microfinance Bank Limited ("Sumac"). The transaction, approved by the Central Bank of Kenya and Competition Authority of Kenya, marks Moniepoint’s first major acquisition on the continent and its formal entry into the East African market. Moniepoint now holds a 78% majority stake in Sumac. The move allows Moniepoint to deploy its comprehensive suite of banking, payments, credit, and business management tools to Kenya's 7.4 million MSMEs - a sector contributing 40% ...
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Danube Properties Unveils AED 3.5M+ ‘Greenz’ Master Community in Dubai’s High-Growth Academic City
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Danube Properties Unveils AED 3.5M+ ‘Greenz’ Master Community in Dubai’s High-Growth Academic City

Danube Properties has unveiled Greenz By Danube, its first large-scale integrated community featuring premium townhouses and villas - marking a major milestone in its expansion into master-planned developments. Strategically located in Dubai International Academic City, near Dubai Silicon Oasis, Greenz sits within one of Dubai’s most promising future growth corridors. The area is home to over 100,000 residents and will benefit from the upcoming District IO, a major technology hub aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Featuring villas and townhouses with exclusive sky gardens, Greenz By Danube’s completion is expected in 36 to 40 months with handover sched...
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EDB Redeems Five-year Eurobonds in Full, Meeting all Obligations to Investors
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EDB Redeems Five-year Eurobonds in Full, Meeting all Obligations to Investors

The Eurasian Development Bank (EDB), a leading multilateral development bank fostering economic growth in the Eurasian region, has redeemed its five-year Eurobond issue (ISIN XS2315951041). The total amount paid to investors at redemption was 286 million euro, comprising the final coupon payment and repayment of the outstanding principal. The Eurobonds were originally issued under the Bank's EMTN Programme with a nominal issue size of 300 million euro. The bonds were listed on Euronext Dublin. A portion of the Eurobond issuance had been repurchased by the Bank prior to maturity. About the EDB: The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and fo...
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